4 FAQs about Hanoi lte emergency solar telecom integrated cabinet wind and solar complementarity

What happened to solar & wind power projects in Vietnam?

Ever since feed-in tariffs (FiTs) expired for solar power projects (31 December 2020) and wind power projects (31 October 2021), the Vietnamese Government has prevaricated over the legal framework to develop solar and wind power projects including, most importantly, the pricing mechanisms.

Can solar and wind power meet Vietnam's near-term energy needs?

Contrastingly, solar and wind power's lower capital requirements and faster development timelines are well-suited to meeting Vietnam's near-term energy needs. These projects can be implemented within months and with high certainty, unlike gas projects, which typically take four to five years to complete once financed.

How many rooftop solar power systems are there in Vietnam?

Rooftop Solar Power: There are currently 104,526 operational rooftop solar power systems, with a total capacity of 9,639 MWp (equivalent to approximately 7,711 MWac). In addition to solar farm projects, rooftop solar power projects in Vietnam have also developed rapidly.

Should Vietnam recalibrate its power system?

As Vietnam grapples with rising power purchase costs and mounting utility losses, policymakers are under pressure to recalibrate the system to ensure long-term financial sustainability.

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